To encourage an efficient and active management of all the Hotel’s cash resources and thereby maximize earnings through reduced short term borrowings and increased deposit interest income.
“…In order to achieve the stated objective, the Hotel Management will have to maintain a constant vigilance over the movement in the Hotel’s investment in working capital, which should include a system to monitor the following potential problem areas, and instigate corrective action as necessary:…”
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Print Length: 03 pages
Publication Date: October 04, 2016